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missing req 3, req 4 , & req 6b On Aprili 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred
missing req 3, req 4 , & req 6b
On Aprili 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred duting the company's first month. April 1 Mozond invested $38,000 cash and coeputon equipeent worth $25,000 in the compary in exchange for cormon stock. 2 The company rented furnished office space by paying $2,000 cash for the first eonth's (Aprii) rent, 3 The company purchased $1,500 of office supplies for cash, 10. The cospany paid \$2,200 cash for the preaium on a 12-eonth insurance policy. Coverage begins on April 11. 14. The company paid $1,600 cash for two weeks' salarles earned by eepleyees. 24 The company collected $13,060 cash fon coneissions carned. 28 The coepany paid $1, 60e cash for two weeks? salaries earned by eeployees. 29. The conpany paid \$400 cash for minor repairs to the conpary's copputer. 30. The coepany paid \$1,350 cash for this nonth's telephone bili. 30. The company paid $2,000 cash in dividends. The company's chart of accounts follows: Use the following information o. Prepaid insurance of $122 has expired this month. b. At the end of the month, $400 of oflice supplies are still avallable. c. This month's depreciation on the computer equipment is $500. Use the following information: o. Prepaid insurance of $122 has expired this month. b. At the end of the month, $400 of office supplies are still avallable. c. This month's depreciation on the computer equipment is $500. d. Employees earned $300 of unpaid and unrecorded salaries as of month-end. e. The company earned $1,500 of commissions that are not yet billed at month-end, Required: 1. \& 2. Prepare journal entries to record the transactions for April and post them to the ledger accounts in Requirement 6b. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30 . 4. Journalize the adjusting entries for the month and prepare the adjusted trial balance. 5o. Prepare the income statement for the month of April 30. 5b. Prepare the statement of retained earnings for the month of April 30 . 5c. Prepare the balance sheet at April 30. 6. Prepare journal entries to close the temporary accounts and then post to Requirement 6b. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Using adjusted account balances from Requirement 6b, prepare an adjusted trial balance as of April 30 . Complete this question by entering your answers in the tabs below. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adj. as the da not round intermediate calculations and round the final answers to nearest whole number.) Using adjusted account balances from Requirement 6b, prepare an adjusted trial halance as of April 30 . Post the journal entries to the ledger Step by Step Solution
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